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https://www.reddit.com/r/PeterExplainsTheJoke/comments/1w4api1/petah/p78bfrv/?context=3
r/PeterExplainsTheJoke • u/Melodic_Judge_129 • 9h ago
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<negative interest rates How does that work? I've heard the term but don't understand how that would work.
2 u/ChocolateNo3010 5h ago As I understand it for savings, you are charged for keeping money in a bank account, so rather than getting interest you lose money. 2 u/VicariousInDub 5h ago Wouldn’t that just lead to everyone running to the banks and trying to take their money out and therefor basically ruin the banking system? 1 u/Fn_Spaghetti_Monster 3h ago Just to add, bank typical only have to actual keep 5-10% of the money you deposit "on hand". The other 90% they turn around lend out to someone else.
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As I understand it for savings, you are charged for keeping money in a bank account, so rather than getting interest you lose money.
2 u/VicariousInDub 5h ago Wouldn’t that just lead to everyone running to the banks and trying to take their money out and therefor basically ruin the banking system? 1 u/Fn_Spaghetti_Monster 3h ago Just to add, bank typical only have to actual keep 5-10% of the money you deposit "on hand". The other 90% they turn around lend out to someone else.
Wouldn’t that just lead to everyone running to the banks and trying to take their money out and therefor basically ruin the banking system?
1 u/Fn_Spaghetti_Monster 3h ago Just to add, bank typical only have to actual keep 5-10% of the money you deposit "on hand". The other 90% they turn around lend out to someone else.
Just to add, bank typical only have to actual keep 5-10% of the money you deposit "on hand". The other 90% they turn around lend out to someone else.
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u/BigWhiteDog 5h ago
<negative interest rates How does that work? I've heard the term but don't understand how that would work.